Tips For Creating Your Wedding Budget

There’s no way around it: planning your wedding is an expensive endeavor. But if you’re smart about how you set up your budget and stick to it, you can stay on track—and have the wedding of your dreams. Here are some places to start:

Take an honest look at your finances

Before you can create a budget, you have to know how much money you have. To do this, take an honest look at your spending habits and income level. Your credit score will also play a role in determining how much money you should spend on a wedding—if it’s high enough, then there’s more room for splurging on things like the venue or catering. It’s also important to note that most couples have more expenses than just their wedding.

According to Lantern by SoFi experts, “Getting a wedding loan is one option to help pay for some or all of your celebrations. But most lenders don’t even advertise these specifically because it simply entails using a personal loan for wedding expenses.”

Estimate your guest list and determine the cost per person

The next step is to figure out how many people you expect to have at your wedding. Are you hoping for a small, intimate celebration with family and friends? Or do you want to plan a party that’s on par with the Oscars?

If the latter sounds more like it, keep in mind that big parties are expensive—but they can be worth it if they’re what you really want. If your budget is limited, though, it might be worth scaling back slightly so that everyone will have fun and not leave feeling stuffed or stressed about money.

Keep the bar simple

Serving signature cocktails at a wedding is a great idea, but you don’t want it to be the only option. Keep things simple by choosing one signature cocktail, and make sure that your bartender is experienced in making these drinks.

If you are doing pre-wedding events like engagement parties or rehearsal dinners, consider using the same signature cocktail as the drink of choice for those occasions as well. This will help ensure that guests love your signature drink before they get to the wedding day!

Consider buying a second-hand dress and wedding accessories

Buying a second-hand dress can be a good investment. Not only is it cheaper than buying new, but you’ll probably find something more unique, and it will be more comfortable as well.

If you decide to go with a second-hand dress and accessories, be sure that they are in good condition. Before you buy anything, inspect every detail of the dress and make sure there are no stains or tears on the fabric.

Buy flowers in season

Buying flowers in season will save you money because the price of flowers is always higher during the peak seasons. While this may be a good thing if you want to buy your flowers from a local florist or market, it’s not ideal if you’re looking to save as much money on your wedding as possible.

To get around this issue and still have beautiful flowers at your wedding, try buying them in season. This way, they’ll be cheaper and more beautiful than their peak-season counterparts—and they’ll live longer too!

The best wedding budget advice is to make sure you know your finances and keep the big picture in mind. You don’t want to end up with a wedding that’s so expensive that it strains your marriage or forces you into debt before it even begins!

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